AXT Inc reports results for the quarter ended in September - Earnings Summary

AXT

02/11/2023 21:45

* AXT Inc  AXTI.OQ  reported a quarterly adjusted loss of 14
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of 13
cents.  The mean expectation of five analysts for the quarter
was for a loss of 12 cents per share. Wall Street expected
results to range from -14 cents to -7 cents per share.
    * Revenue fell 50.6% to $17.37 million from a year ago;
analysts
expected $18.02 million. 
    * The company reported a quarterly loss of $5.82 million.
    * AXT Inc shares had fallen by 19.6% this quarter and
lost 55.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 59.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
semiconductors peer
group is also "buy"

Wall Street's median 12-month price target for AXT Inc is $5.00 
This summary was machine generated from LSEG data November 2 at
09:45 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.12          -0.14          Missed
 Jun. 30 2023      -0.13          -0.12          Beat
 Mar. 31 2023      -0.13          -0.08          Beat
 Dec. 31 2022      0.02           0.03           Beat